Market Pressures_

Copper is approaching a decision point. Gold and Silver are consolidating.

Crude has had a nice rally and has set a new uptrend. Natural gas is in a contra move up.

The US 30 year T-Bonds are in a move up.

The US Dollar futures remain in the move up.

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S&P 500 Futures_

Monthly – Only one bearish month since October 2016. Trade pressures are up. Volumes closed bullish at the close of October. The next monthly target up is 2766. A close below 2364 would confirm any weekly move lower.

Weekly – Another weekly bullish close. Trade pressures are up. Volumes are bullish. The next target up is 2729. A close below 2513 would confirm any daily move lower.

Daily – Flat. In the move up from the August 2454 level. Trade pressures are just up again out of the neutral zone. Volumes are bullish.

At the 2585 target now. The next target up is 2648.

A close below 2570 would signal a retracement, perhaps to the 25×5 moving average at 2558.

The Navellier Top 5 Stocks which were initiated in the last week of September are up almost ten percent for the month of October. See the trading results page on the South Ocean website to follow along.